AuditBoard vs SAI360

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Our analysts compared AuditBoard vs SAI360 based on data from our 400+ point analysis of Risk Management Software, user reviews and our own crowdsourced data from our free software selection platform.

AuditBoard Software Tool

Product Basics

AuditBoard is a comprehensive software solution designed to streamline risk management and compliance tasks. It is particularly well-suited for industries such as finance, healthcare, and manufacturing, where regulatory compliance and risk assessment are critical. The platform offers robust features like real-time risk monitoring, automated workflows, and customizable dashboards, which enhance efficiency and accuracy in managing risks. Users appreciate its intuitive interface and seamless integration capabilities, which set it apart from similar products. AuditBoard's ability to centralize risk data and provide actionable insights is a significant advantage, making it a preferred choice for organizations aiming to enhance their risk management processes. While specific pricing details are not publicly available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, AuditBoard is recognized for its effectiveness in simplifying complex risk management tasks.
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SAI360 is a cloud-based risk and compliance management platform that detects, prevents and responds to threats in real time. Automate all risk procedures with configurable workflows and set up business continuity plans in case of disasters or crises. It helps eliminate information silos and get complete visibility into the organization’s risk status. Maintain comprehensive documentation regarding remediation strategies and centrally store all procedural data in a secure database.

It lets businesses continuously track the status of regulations and frameworks and control processes with built-in reports. Streamline the management of workplace incidents and verify the suitability of third-party vendors. Secure the company on all fronts with a 360-degree view of internal and external risks.
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$75,000 Annually, Quote-based
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Product Insights

  • Streamlined Collaboration: AuditBoard facilitates seamless communication among team members, allowing for real-time updates and shared access to documents, which enhances teamwork and reduces email clutter.
  • Centralized Data Management: By consolidating all risk management data in one platform, AuditBoard eliminates the need for disparate systems, making it easier to track and analyze information.
  • Enhanced Risk Visibility: The software provides comprehensive dashboards and reports that offer clear insights into risk exposure, enabling proactive decision-making and strategic planning.
  • Automated Workflows: AuditBoard automates repetitive tasks such as reminders and follow-ups, freeing up valuable time for team members to focus on more critical analysis and strategy development.
  • Regulatory Compliance Support: With built-in frameworks and templates, AuditBoard helps organizations stay compliant with industry regulations, reducing the risk of penalties and enhancing audit readiness.
  • Customizable Reporting: Users can tailor reports to meet specific needs, ensuring that stakeholders receive relevant and actionable information that aligns with their objectives.
  • Scalability: As organizations grow, AuditBoard scales effortlessly, accommodating increased data volume and complexity without compromising performance or usability.
  • Improved Accountability: The platform assigns clear responsibilities and deadlines, fostering a culture of accountability and ensuring that tasks are completed efficiently and on time.
  • Data-Driven Insights: Advanced analytics tools within AuditBoard provide deep insights into risk trends and patterns, empowering organizations to make informed, data-driven decisions.
  • Secure Data Handling: With robust security measures in place, AuditBoard ensures that sensitive information is protected against unauthorized access, maintaining data integrity and confidentiality.
  • Integration Capabilities: AuditBoard seamlessly integrates with existing systems such as ERP and GRC platforms, enhancing functionality and ensuring a smooth flow of information across the organization.
  • Cost Efficiency: By reducing the need for multiple software solutions and minimizing manual processes, AuditBoard helps organizations save on operational costs while maximizing productivity.
  • Continuous Improvement: The platform supports ongoing refinement of risk management processes through regular updates and user feedback, ensuring that organizations remain agile and responsive to change.
  • User-Friendly Interface: With an intuitive design, AuditBoard is easy to navigate, reducing the learning curve for new users and increasing overall adoption rates across the organization.
  • Real-Time Monitoring: Continuous monitoring capabilities allow organizations to detect and respond to risks as they arise, minimizing potential impacts and enhancing resilience.
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  • Focus On Sustainability: Build a safe and sustainable business model with access to innovative and best practice modules. 
  • Minimum Time to Market: Minimize time spent on implementation with pre-configured settings and purpose-built templates. 
  • Risk Awareness: Create a culture of compliance and awareness with a unified management system and real-time risk tracking. 
  • Make Ethical Choices: Maintain integrity in the workplace with multilingual training resources on ethical decision-making. 
  • Future-Proof Operations: Increase resilience with pre-configured business continuity plans covering a range of disasters and disruptions. 
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  • Centralized Risk Management: Consolidate all risk-related data in one platform, allowing for streamlined tracking and analysis.
  • Automated Risk Assessment: Utilize built-in tools to automate the risk assessment process, reducing manual effort and increasing accuracy.
  • Customizable Dashboards: Create personalized dashboards to visualize key risk metrics and trends, tailored to specific organizational needs.
  • Real-Time Collaboration: Facilitate seamless communication among team members with integrated collaboration tools, ensuring everyone stays informed.
  • Comprehensive Audit Trails: Maintain detailed records of all changes and actions taken within the system, enhancing transparency and accountability.
  • Risk Heat Maps: Generate visual representations of risk levels across different areas, aiding in quick identification of high-risk zones.
  • Regulatory Compliance Tracking: Keep track of compliance requirements and deadlines with automated alerts and reminders.
  • Integration Capabilities: Connect with other enterprise systems such as ERP and GRC platforms to ensure data consistency and reduce duplication.
  • Role-Based Access Control: Assign specific permissions to users based on their roles, ensuring sensitive information is only accessible to authorized personnel.
  • Incident Management: Log and manage incidents efficiently, with tools to track resolution progress and analyze root causes.
  • Risk Register: Maintain a comprehensive list of identified risks, complete with detailed descriptions, potential impacts, and mitigation strategies.
  • Scenario Analysis: Conduct what-if analyses to evaluate the potential impact of different risk scenarios on business operations.
  • Audit Planning and Scheduling: Plan and schedule audits with ease, using templates and automated workflows to streamline the process.
  • Document Management: Store and organize all relevant documents in a centralized repository, ensuring easy access and retrieval.
  • Data Analytics and Reporting: Leverage advanced analytics to generate insightful reports, helping stakeholders make informed decisions.
  • Mobile Accessibility: Access the platform from mobile devices, allowing for risk management on-the-go.
  • Training and Support: Benefit from comprehensive training resources and responsive support to maximize the platform's utility.
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  • Compliance Management: Use built-in workflows to automate tasks, notifications and communications. Continuously assess the organization’s compliance status and keep a centralized record of information. Run reports directly from a dashboard to remediate gaps and be audit-ready. 
    • Flexibility: Customize compliance forms and processes to meet requirements and secure information with personalized granular authorization levels. Allow external parties to perform audits in the Virtual Evidence Room. 
  • IT Risk: Get complete visibility into IT systems with external data feeds, incidents, risk assessments and vulnerability scanning tools. Set up automated workflows and track the entire process in real time, from threat detection to mitigation. 
    • IT Compliance: Automatically check IT compliance with requirements pre-mapped to common risk and control frameworks, including ITIL, ISO 27001, ISO 31000, COBIT and PCI. Train employees on cybersecurity, data protection, data privacy and information security regulations. 
    • Policies: Store all policies in a centralized policy library with custom fields and search capabilities. Automatically review policies from time to time to identify expired and ineffective policies. 
  • Environment, Health, Safety & Sustainability: Track incidents, accidents, inspections, audits and hazards with various data-capture tools such as geo-location tracking, text-to-speech and photo attachments. Search for information with document search and get automated notifications on important events. 
    • EHS&S Services: Provide the best environment, health, safety and sustainability services with 20+ purpose-built modules. Customize existing programs, automatically assign tasks, and generate notifications, escalations and reminders. 
    • Insights: Generate accurate reports on the company’s performance metrics, including data visualizations, lagging indicators, trend spotting and more. 
  • Operational Risk: Leverage dynamic risk indicators to continuously monitor risks. Store risk data and action plans in a risk register. Prepare trigger-based workflows and risk consolidation techniques to accurately assess and treat enterprise and operational risks. 
    • Reporting: Create custom reports and dashboards to track risk meetings, risk dimensions, and impact and likelihood scales. Measure risk against global frameworks like COSO, COBIT and ISO.  
  • Audit Management: Securely access and edit all audit information from a centralized database. Manage audit procedures with automated workflows and a transparent audit trail. Customize built-in audit templates to create work papers. 
    • Coverage: Identify risk-prone areas with risk-based scoping capabilities and distribute audit resources based on vulnerability levels. Streamline audit planning and train employees on audit regulations and industry best practices. 
    • Insights: Analyze exported data for greater insights into the organization’s audit status. One-click reports allow appropriate personnel to approve, review and track audit progress in real time. 
  • Business Continuity: Prepare and execute business continuity plans in a crisis or disaster. Automatically assign tasks to relevant personnel and track plan progress. Eliminate information silos by creating a hierarchical map connecting critical processes and assets to internal controls. Establish a common risk language across the organization. 
    • Reports: Run reports with customizable fields, forms and authorizations. Collect information with intuitive forms and improve efficiency with workflows. 
  • Data Privacy: Keep a record of data privacy regulations and personal and vendor data in a centralized database. Prepare workflows to manage data requests, policies and response measures. 
    • Documentation and Reporting: Automatically create records of data breaches and respond quickly with incident response workflows. Maintain breach data audit trails for complete transparency and run built-in reports for additional insights. 
  • Third-Party Risk: Designate a single source of truth for vendor records, including risk profiles, scoring data, assets, geographical location and more. Access pre-mapped control frameworks and regulations to identify high-priority vendors. Provides configurable forms and questionnaires to assign risk profiles to vendors. Screen all associated third parties for exposure to financial, cyber and operational risks through WorldCheck, Argos Risk and SecurityScorecard. 
    • Contract Management: Store and manage all third-party contracts from a central repository. Use automated workflows to review and approve vendor contracts and get reminders for important dates and tasks. 
  • Regulatory Change: Track regulatory requirements with access to structured regulatory content, evidentiary documentation and regular updates. Assign assessment tasks to relevant personnel and use the dashboard for a consolidated view of regulatory changes. 
  • Internal Control & SOX Compliance: Create policies and train employees on SOX compliance. Export 404 and 302 certifications with ease. 
  • Security: Provides 24/7 security to data centers located in ISO 27001 certified colocation centers. Data encryption and multi-tiered firewall protection protect consumer data both during transit and at rest. Prevent unauthorized access with Single Sign-On via SAML 2.0 or Shibboleth protocols and password protection using SHA 256 hashing algorithm. 
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Product Ranking

#10

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Risk Management Software

#71

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Risk Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Audit Management Business Continuity Management Compliance Incident Management Operational Risk Management And IT Security Platform Capabilities Policy Management Regulatory Management Reports And Dashboards Risk Management Vendor Risk Management 98 84 88 77 78 95 86 98 100 100 100 0 25 50 75 100
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Awards

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SelectHub research analysts have evaluated SAI360 and concluded it earns best-in-class honors for Vendor Risk Management.

Vendor Risk Management Award

Synopsis of User Ratings and Reviews

Streamlined Audits: AuditBoard helps make audits more efficient and effective by bringing together audit planning, risk assessments, and testing into a single system.
Easy to Use: Most users report that the platform is intuitive and easy to navigate, even for those who are new to using audit management software.
Improved Collaboration: AuditBoard facilitates better communication and collaboration among audit teams and stakeholders. This is done through features like real-time dashboards and automated workflows.
Valuable Insights: The platform provides businesses with valuable insights into their risk and compliance posture. This is achieved through data analytics and reporting features that help identify trends and areas for improvement.
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Centralized Risk Management: SAI360 provides a single platform for managing various risk types, including IT, operational, third-party, and compliance risks. This centralized approach helps organizations gain a comprehensive view of their risk landscape and streamline risk management processes.
Scalability and Flexibility: The platform is highly scalable and can accommodate the needs of organizations of all sizes. It also offers a high degree of flexibility, allowing users to customize the system to meet their specific requirements. This adaptability ensures that SAI360 can evolve alongside an organization's changing risk management needs.
Automation and Efficiency: SAI360 automates many manual risk management tasks, such as data collection, risk assessments, and reporting. This automation frees up valuable time for risk management teams, allowing them to focus on more strategic initiatives. Moreover, it reduces the likelihood of errors and inconsistencies, leading to more accurate risk assessments and more effective risk mitigation strategies.
Advanced Analytics and Reporting: The platform provides robust analytics and reporting capabilities, enabling organizations to gain insights into their risk data and make data-driven decisions. Users can generate custom reports, dashboards, and visualizations to track key risk indicators, identify trends, and monitor the effectiveness of risk mitigation efforts.
Compliance Management: SAI360 helps organizations comply with relevant regulations and industry standards. The platform includes pre-built content libraries and templates for various regulations, such as GDPR, HIPAA, and ISO 27001. This feature simplifies compliance management and reduces the risk of non-compliance penalties.
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Reporting Limitations: The built-in reporting features might lack flexibility, requiring integration with other business intelligence tools like Power BI for more insightful analysis.
Issue Management: Some users have reported that the issue management module is cumbersome and doesn't seamlessly integrate with other modules for comprehensive reporting.
Customization Constraints: While AuditBoard offers customization options, certain areas like the policy module might lack the desired flexibility for tailoring workflows, such as enforcing sequential review processes.
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Steep Learning Curve: SAI360 is known for its complexity, especially for users without a strong background in GRC platforms. The interface can be overwhelming, and setting up workflows or generating reports often requires extensive training and experience.
Customization Challenges: While SAI360 offers customization options, implementing them can be difficult and time-consuming. Users often report needing assistance from SAI Global's professional services team, which can add to the overall cost and implementation time.
Performance Issues: Some users experience slow loading times and system lags, particularly when dealing with large amounts of data or complex reports. This can hinder productivity and user satisfaction.
Cost: SAI360 is a premium GRC solution, and its pricing reflects that. The cost can be a barrier for smaller organizations or those with limited budgets.
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Is AuditBoard truly on board with meeting the needs of risk management professionals? User reviews from the past year suggest a resounding "yes," but with a few caveats. AuditBoard consistently earns praise for its user-friendly interface, making it a breeze to navigate even for those new to the world of risk management software. Users particularly appreciate the intuitive design and ease of use, highlighting how it simplifies complex tasks like documenting findings and managing workstreams. This ease of use is crucial, as it allows teams to quickly adapt to the software and maximize their efficiency without a steep learning curve. However, some users have reported that AuditBoard can be a bit sluggish when dealing with large datasets, which could pose a challenge for larger organizations or those with complex data requirements. Additionally, while customer support is generally regarded as responsive and helpful, there have been mentions of inconsistencies, possibly due to team turnover. This inconsistency, though not a dealbreaker, could lead to occasional frustrations when seeking assistance. Despite these minor drawbacks, AuditBoard stands out for its robust reporting capabilities, automation features, and seamless integration with other systems. Users rave about how these features streamline their workflows, saving them valuable time and reducing the risk of errors. For instance, the ability to generate custom reports with detailed insights into risk assessments and audit findings empowers organizations to make informed decisions and proactively mitigate potential issues. Overall, AuditBoard emerges as a powerful and intuitive risk management solution best suited for organizations of all sizes looking to enhance their risk management processes. Its user-friendly interface, coupled with its comprehensive features and generally strong customer support, makes it a compelling choice for businesses seeking to streamline their risk management operations and elevate their overall risk management posture. However, organizations dealing with massive datasets might need to consider the potential for slower performance.

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SAI360, a risk management software platform, has received positive feedback for its user-friendly interface and comprehensive features. Users appreciate the ability to quickly gain insights into their current risk landscape, which is particularly valuable for executive management. The platform's risk register is considered more efficient than traditional spreadsheets, allowing for the collection and evaluation of risk and control data, loss event data, and audit findings. Additionally, SAI360 facilitates GDPR management and security management, further enhancing its value proposition. However, some users have noted that the initial setup and configuration of SAI360 can be time-consuming. Integrating the platform with existing systems may also require additional effort. Despite these challenges, users generally agree that the benefits of using SAI360 outweigh the drawbacks. The platform's ability to streamline risk management processes, improve decision-making, and enhance overall risk visibility makes it a valuable tool for organizations of all sizes. SAI360 is particularly well-suited for organizations with complex risk management needs, as it offers a wide range of features and customization options. Its scalability and flexibility make it adaptable to various industries and organizational structures. Furthermore, SAI360's focus on continuous improvement and its responsiveness to user feedback ensures that the platform remains relevant and effective in addressing evolving risk management challenges.

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